Economists Usually Use the Term "Recession" to Refer to

question 177

Multiple Choice

Economists usually use the term "recession" to refer to

• A)any slowdown in the growth of real GDP.
• B)zero real GDP growth.
• C)two or more consecutive quarters of declining real GDP.
• D)a reduction in nominal GDP lasting more than six months.

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Definitions:

Milliseconds

Units of time that are equal to one thousandth (1/1000) of a second, often used to measure the time of fast processes.

Gigabytes

A unit of digital information storage equal to 1,024 megabytes, often used to measure the capacity of memory or storage devices.

Cache Memory Levels

Refers to a hierarchy of cache storage that improves data access time by storing frequently used data in quick to access memory layers.

Proximity

The state or condition of being close or near; in technology, it often relates to the detection of and response to nearby objects or signals.